cnbc.com
Trump says he and tech leaders signed AI agreement that is 'morally binding'
The artificial intelligence luncheon comes as calls for a slowdown and regulation reach a fever pitch
cnbc.com
Ford CEO says it's 'too late' for Europe to fend off Chinese automakers, but not for U.S.
CEO Jim Farley's warning comes on the heels of a high-profile visit last week by Chinese President Xi Jinping with President Donald Trump
cnbc.com
The Fed's main inflation measure will be released Wednesday. Here's what to expect
Data is expected to show ongoing price pressures and consumers who nevertheless continue to spend.
cnbc.com
Alaska Airlines unveils massive premium cabin overhaul in high-end travel race
Alaska Airlines is overhauling its Alaska and Hawaiian cabins to include brand-new top-tier suites, a premium economy class and other features.
cnbc.com
30-year Treasury bond yield scales to highest level since 2002
U.S. Treasury yields largely rose Tuesday, adding to the gains that catapulted them to multi-year highs amid central bank monetary policy concerns.
bbc.co.uk
OpenAI agents get rebrand - as 'dots' - while safety worries delay new model
Sam Altman spoke in San Francisco during OpenAI’s yearly event for tech developers.
bbc.co.uk
Soho House venue under investigation for food safety
A former chef contacted Hackney Council after complaining to managers at the members' club.
theguardian.com
‘The emperor is naked’: Uefa president Ceferin takes new swipe at Infantino
Aleksander Ceferin condemns FFE and Balogun affairTells club chiefs it is ‘time to say enough’ to FifaThe Uefa president, Aleksander Ceferin, has attacked his embattled Fifa counterpart Gianni Infantino in a scathing takedown of the failed Fifa Forward Enterprise (FFE) project and other recent scandals, saying “the emperor is naked” and declaring “it is time to say ‘enough’”.In a pointed address to the European Football Clubs (EFC) general assembly, Ceferin did not mention Infantino by name but made clear his view that Fifa’s leadership must change. He drew on the event’s location, Copenhagen, to make a comparison to Hans Christian Andersen’s The Emperor’s New Clothes in assessing Infantino’s conduct, making clear reference to the peace prize awarded to Donald Trump and last summer’s Folarin Balogun affair along with the FFE scheme. Continue reading...
theguardian.com
Give BrewDog ‘second chance’ says new owner as it invests £50m
US cannabis and drinks firm Tilray, which took over in March, says it will improve beers, pubs and working conditionsBrewDog’s new owner has urged drinkers to give the ailing brand “a second chance” as it invests more than £50m in improving the company’s beers, pubs and working conditions.The US cannabis and drinks company Tilray bought BrewDog for £33m in March this year, after the company collapsed into administration after five years of losses and a series of controversies relating to the treatment of workers under the founder James Watt. Continue reading...
theguardian.com
The Guardian view on Andy Burnham: grounds to hope for a better Britain | Editorial
By linking Brexit, voting reform and public services, the prime minister made a powerful, personal pitch for a brighter futureAndy Burnham’s first speech as prime minister to a Labour conference was a serious attempt to argue that rebuilding the public realm will be better for the country than shrinking the state. He is right about this. Mr Burnham’s belief in the power of government is welcome, as is his instinct that by spending now on public services he will save money later. Admitting that Brexit “has done more harm than good” before setting out options for a closer relationship with the EU could be the speech’s most consequential sentence. Offering voters a bargain at the next election – give up a little of the annual triple-lock increase in pensions for free personal care for older people – is a gamble.But Mr Burnham clearly thinks that he will be able to show that enough has improved by then for him to ask voters to let him finish what he has started. The prime minister smartly recast “take back control” as a Labour argument. His pitch was that privatisation removed economic control, emasculating local government removed political control, and Brexit reduced control over immigration. This was deftly done – threading a common idea through housing, water, energy and Europe. Continue reading...
theguardian.com
Burnham gambles on radical progressive plan to help Britain ‘rise again’
PM accepts some of his plan could be difficult and admits he ‘may pay a political price’Analysis: PM’s promises will take time to come goodKey takeaways from Burnham’s conference speechAndy Burnham has staked his future on a gamble that the public will back radical progressive policies on social care, electoral reform and Europe, telling voters that his agenda will break the mould of the last 40 years and “allow us to rise again”.In a deeply personal speech at Labour’s conference, Burnham began building his next general election manifesto, acknowledging that he may end up paying the price for creating sharp new dividing lines in politics. Continue reading...
theguardian.com
Burnham’s triple lock gamble | Politics Weekly
Andy Burnham has delivered a powerful and emotional speech to the Labour conference. He announced policies on the pensions triple lock, social care and electoral reform. He said he was willing to talk about the things politicians usually avoid. But without a big budget can he deliver his big dreams for the country? Continue reading...
theguardian.com
Burnham’s electricity grid idea is interesting – but it’s not ‘public control’
For all the talk, the real value of GB Grid lies in giving the regulator perfect data to drive down costsWhat is Burnham’s GB Grid plan and could it bring down energy bills?Did share prices shudder as Andy Burnham unveiled Great British Grid (GBG) as a public sector challenger to the trio of private sector firms that own and operate the electricity grid? Not exactly. National Grid and SSE, the two listed in London, were down by about 0.5%, in line with the wider market.That mild reaction looks correct. For all the talk of greater public control over the electricity grid, the prime minister is not threatening to nationalise anything or take control of any existing assets. As the detail of the energy department’s announcement made clear: “Great British Grid will complement, rather than replace, the existing institutions responsible for Britain’s energy system and the role of existing network operators remains unchanged.” Continue reading...
theguardian.com
Smart ring maker Oura puts off initial public offering due to market ‘uncertainty’
Researchers say the IPO market was off to a solid start but tailed off in the third quarterSmart ring maker Oura Inc says it is postponing a planned initial public offering due to market “uncertainty”.In a Tuesday press release, Oura said it is delaying the stock market float “despite strong demand”. Continue reading...
theguardian.com
Will pensioners be poorer as a result of Burnham scrapping the triple lock?
Original triple lock was designed to lift pensioners out of poverty but OBR says it contributes to unsustainability of public financesThe prime minister has announced that the pensions triple lock will be scrapped in its current form, to partly fund a national care service. Continue reading...
bbc.co.uk
Burnham vows to end existing pension triple lock in 2030 to help fund care
The PM was at times emotional during his conference speech in which he outlined his long-term plan for the UK.
cnbc.com
Jamie Dimon has a plan to revive the West: A 'big, beautiful' deal with Europe
"Many of the current disputes between Europe and the U.S. are minor compared with this agreement's size and benefits," the JPMorgan boss wrote this week.
bbc.co.uk
Oura pulls $15bn stock market listing days after announcement
The wearable technology company had been expected to list its shares in the US.
theguardian.com
Barclays softens return-to-office plans for UK staff after backlash
Bank allows employees to delay being in workplace at least three days a week until 2027, if permission grantedBarclays has watered down its return-to-office plans after a major staff backlash, with the bank allowing some employees to wait until next year before having to be in at least three days a week.The bank this summer announced the attendance requirement would come in for its 45,000 UK staff from 5 October, with more senior employees expected to come in for at least four days. That compares with current rules requiring staff to come in for two days.Automatic exemptions of in-office attendance rules during school holidays and Christmas.Capping in-office requirements at one day a week for any carers or people with disabilities.Flexible start and finish times to allow for cheaper off-peak travel costs and to accommodate school pickup and drop-offs.Subsidised onsite meal costs.A single, consolidated payment made to all staff to make up for the costs of coming into the office, before March 2027. Continue reading...
bbc.co.uk
What is the triple lock and why are people talking about it?
The triple lock guarantees that the state pension is not overtaken by inflation or wage increases.
cnbc.com
Consumer optimism slides to lowest since 2014 as fears escalate over rising prices and jobs
The Conference Board's Consumer Confidence Index tumbled to 81.9, a decline of 6.7 points and a reading well below the forecast for 89.
bbc.co.uk
Faisal Islam: Triple lock move is significant, but it's a gamble
I had expected him to try to forge a political consensus on this thorny issue at this stage, but he has gone further than that.
theguardian.com
Conference laps up Andy unplugged as he offers chance to take road less travelled | John Crace
Nothing was off the table, no coded hints, and by the end no one could be in any doubt about what Burnham believedYou’ve got to hand it to Andy Burnham. He left nothing out on the pitch. It would have been so easy to play it safe. To deliver a traditional leader’s speech to a home crowd. One we’ve been seeing from leaders of all parties for more than 15 years. Something warm, a feelgood vibes word salad with the odd minor spending announcement thrown in. Hell, the Labour conference would have probably settled for it. They already had all the hope that they had come for. The hope that they were back in with a fighting chance of winning the next election. They wouldn’t have even dared think that three months ago.But Andy did it differently. Just as he had promised. He had said he was a different kind of politician and he duly made good on that. Hope came with honesty, he said. And honesty was what we got. Nothing was redacted. No coded hints. Come the end of his hour-long speech, no one could be in any doubt about what he thought. More than that, what he believed. Continue reading...
cnbc.com
Hassett: 'We're still working our way out from' Biden Covid spending
President Donald Trump regularly defends his administration's record by contrasting it favorably with the Biden era, or blaming the former president.
theguardian.com
Manchester City guilty over Premier League charges after £900m of ‘sham’ contracts
Commission: club broke rules over nine-season periodCity will appeal against verdict before Friday deadlineThe Premier League has confirmed Manchester City have been found guilty of all charges of breaching its financial rules over a nine-year period, with the club found to have boosted their income by a staggering amount of more than £900m.In a bombshell announcement the Premier League revealed an independent commission had found City guilty of arranging “sham contracts” with commercial partners to artificially inflate revenues and reduce costs, and of filing inaccurate accounts to hide the true state of their finances, which if accurately reported would have led to significant breaches of Premier League and Uefa spending limits. Continue reading...
cnbc.com
America's Canadian import restrictions come into force. Here are the products barred from entry
President Donald Trump says he expects Ottawa to concede to its demands on trade in the coming weeks, but Canadian officials insist they won't sign a bad deal.
theguardian.com
Eiffel Tower chief to quit after female staff told to stay hidden during Hindu group visit
Patrick Branco Ruivo to leave post after decision contrary to France’s ‘value of equality’ sparked outrage and strikeThe head of the operating company that runs the Eiffel Tower is to step down after a row over female staff being ordered to stay out of sight during a visit by a Hindu religious group.Patrick Branco Ruivo will leave his job at the end of the year, the Eiffel Tower Operating Company (Sete) announced in a statement on Tuesday. Continue reading...
cnbc.com
Microsoft shares might be rangebound. Here's how you can still make money
Trader Julia Spina explains an iron condor trade on Microsoft.
theguardian.com
Diesel export ban: will Trump push global energy prices even higher? - The Latest
As the fallout from the Iran conflict continues, the price of diesel has soared to record highs in the UK, Europe and US. With his country facing an increase of 70% in costs compared with this time last year, Donald Trump is threatening a ban on US diesel exports to keep costs low for American consumers. But the plans have been met with alarm – the UK is holding talks with US counterparts to try to block the move, which France says would be ‘catastrophic’ if introduced. Lucy Hough speaks to energy correspondent Jillian Ambrose – watch on YouTube Continue reading...
theguardian.com
South West Water fined £8m for hundreds of sewage spills in Cornwall and Devon
District judge orders record fine for region and says incidents of pollution cannot be toleratedA water company has been ordered to pay a record fine of almost £8m for hundreds of sewage spills at popular bathing spots and sensitive habitats in Cornwall and Devon.On one occasion, untreated sewage gushed through a harbour wall on a bank holiday weekend but South West Water (SWW) engineers took 10 hours to attend. Continue reading...
bbc.co.uk
Burnham says public body will invest in electricity grid
The prime minister said he wants to reduce energy costs in his first conference speech as Labour leader.
theguardian.com
Andy Burnham fights tears as he speaks of his dad at Labour conference – video
Andy Burnham appeared on the verge of tears as he paid tribute to his father, Roy, on the second day of the party conference. The prime minister said he was 'utterly determined' to ensure the UK, which had given his dad 'a good life', stayed unitedUK politics: latest updates Continue reading...
theguardian.com
Soho House launches investigation after out-of-date food mislabelled in kitchen
Private members’ club apologises after former employee exposes issue at its Shoreditch House venueThe Soho House private members’ club has launched an investigation after out-of-date food was mislabelled in one of its kitchens.The club, which charges up to £4,500 a year for membership, has apologised after a former employee made a video on TikTok exposing the issue. Continue reading...
cnbc.com
Putin orders army expansion as Zelenskyy warns Russia preparing to deploy 10,000 North Korean troops
The decree marks the fourth increase in Russia’s military staffing levels this year as the war in Ukraine continues into a fifth winter.
cnbc.com
Shell backs $23 billion LNG Canada expansion in boost to Carney's ‘energy superpower’ push
The investment puts Canada on course to become a leading LNG exporter as global supply disruptions sharpen focus on energy security.
cnbc.com
Trump’s municipal bond portfolio reaches as much as $1 billion as policy overlaps mount
President Donald Trump disclosed municipal bond holdings worth $300 million to $1 billion, including debt tied to issuers affected by federal policy.
theguardian.com
US ban on Canadian imports likely to weaken already fragile relationship
It marks another ratcheting up of Trump’s trade war and affects nearly $1bn in imports of a $880bn trade relationshipUS-Canada relations, already tense, are likely to deteriorate further after the United States went ahead early on Tuesday with a decision to ban nearly $1bn worth of Canadian imports, including alcoholic beverages, dairy products and motorcycles.The ban amounts to barely a ripple in $880bn worth of annual two-way trade between the two northern neighbors. But it marks another ratcheting up of Donald Trump’s second-term trade war with the US’s longtime ally and trading partner. Continue reading...
cnbc.com
Smart ring maker Oura postpones IPO due to market 'uncertainty'
Oura said the delay comes despite "strong demand" and a strengthenthing of the business since the start of the IPO process.
bbc.co.uk
US ban on Canadian alcohol and dairy takes effect as trade war drags on
It is the latest escalation in the Canada-US trade war after negotiations collapsed in late August, with no word on when talks may resume.
theguardian.com
The Manchester City case shows us how the global mega-rich now expect to operate with impunity | Jonathan Liew
When transnational alliances have scarcely been weaker, the way the club was allegedly run offers a bleak vision of a world driven by brute power and wealthThe cache of leaked emails and documents that would eventually lead to the crisis in which Manchester City are now embroiled was published by Der Spiegel in 2018, and often it was the tone of the club’s communications that was as startling as their content. Of City chairman Khaldoon al-Mubarak, a trusted adviser to the royal family of the United Arab Emirates, it was said that he would “rather spend 30 million on the 50 best lawyers in the world to sue [Uefa] for the next 10 years” than accept a fine.In the same tranche of documents, City lawyer Simon Cliff asserts that “Uefa doesn’t respond to anything other than aggression”, and threatens the governing body of European football – who were pursuing City over alleged financial irregularities at the time – with “the destruction of their rules and organisation”. Continue reading...
theguardian.com
UK mortgage demand drops to 32-month low as Iran war drives up borrowing costs
Average five-year fixed mortgage interest rate has hit 5.94%, its highest since October 2023, says MoneyfactsBusiness live – latest updatesDemand for UK mortgages slumped to a 32-month low in August as buyers were deterred by rising costs linked to the war in Iran.Just 54,918 mortgages for new home purchases were approved in August, the Bank of England reported on Tuesday, the lowest monthly total since December 2023. Continue reading...
cnbc.com
Nvidia's record buyback shows chipmaker's stock is too cheap for CEO Huang to resist
Nvidia is looking to spend hundreds of billions of dollars buying its stock at a time when it's historically cheap based on earnings expectations.
theguardian.com
What is Burnham’s GB Grid plan and could it bring down energy bills?
Proposed government-backed network body welcomed by some in sector but others call it just another quangoNils Pratley: Burnham’s electricity grid idea is interesting – but it’s not ‘public control’Andy Burnham’s first address to the Labour party conference as prime minister addressed Britain’s rising energy costs and sluggish economic growth with plans for a new government-backed body to invest in the electricity grid.The proposals to set up Great British Grid, first revealed by the Guardian, build on the party’s manifesto pledge to create Great British Energy, a state-owned company to invest in renewables. Continue reading...
cnbc.com
Meta launches Muse for Small Business as Zuckerberg pushes beyond consumer AI market
Following the success of its Muse personal AI agent, Meta is introducing a specialized version for small businesses.
theguardian.com
M&S links up with Sephora to lure younger shoppers
Beauty specialist will open branded areas in 100 Marks & Spencer stores and will sell its products on chain’s websiteBusiness live – latest updatesMarks & Spencer has signed a deal with Sephora to open areas under the beauty brand’s name within its stores, in its latest tactic to attract younger shoppers.The French retailer is to launch branded areas staffed by Sephora employees in 100 M&S stores and sell through the British retailer’s website in spring next year. Continue reading...
theguardian.com
Stop shaming people for using AI. Start organizing to prevent our obsolescence | Garrison Lovely
The industry is engaged in a perverse quest to replace humans. We cannot cede the best tools available to the other sideI don’t need to tell you that people hate AI. The list of grievances is long: slop, cheating, bias, enfeeblement, electricity bills, environmental destruction, exploitation, theft, cybercrime, doom. But resistance to the technology has often taken the form of shaming people for personally using it, with precious little organizing against the companies building the machines. This is perplexing, given that those companies are attempting to render us obsolete.The executives may contest this framing, offering some bromides about how AI will augment human work or how we’ll simply find new jobs to do. But their clear goals are to create systems that so clearly surpass our abilities that we will have little hope of competing. Continue reading...
theguardian.com
How gold surpassed cocaine as Peru’s most profitable criminal industry
As gold prices surge, illegal mining has laid waste to swathes of Tambopata National Reserve’s rainforest “Halt, stop right there,” shouts a Peruvian Navy Seal, firing warning shots into the air. But the fleeing man pays no attention, scrambling up to the rim of a football pitch-sized crater and disappearing into the dense rainforest as the commandos give chase, swearing and shooting.Meanwhile, other marines set dynamite charges on a makeshift wooden raft that floats in the crater, which is essentially an enormous pit of opaque, stagnant water. The raft has a diesel-fuelled suction pump motor with thick plastic tubing used to suck up and sift through river sediment for tiny particles of gold. Continue reading...
cnbc.com
Mistral CEO says U.S. AI safety debate masks competitors’ 'negligence'
Mistral CEO Arthur Mensch criticized rivals’ AI safety arguments as the industry faces scrutiny after several AI agents took unauthorized actions.
theguardian.com
‘Visible and engaged’: Burnham in listening mode with businesses at Labour party conference
PM reassures firms and chancellor vows help on costs – but unease remains over possible budget tax risesBusiness live – latest updatesA year ago Andy Burnham had a tough business reception at Labour’s party conference. The then mayor of Greater Manchester, with clear ambitions to replace Keir Starmer, had rattled the City of London with his comment that Britain should be less “in hock” to bond markets.Returning to the annual gathering in Liverpool a year later as prime minister, the mood is different. Labour is pushing to repair relations with corporate Britain and reassure City bond traders against a jittery backdrop amid the Middle East war. Continue reading...
bbc.co.uk
More free nursery hours proposed in budget
The government releases its proposed budget with "targeted measures" to help families.
cnbc.com
Senate advances college sports bill aimed at regulating NIL deals
The Senate voted Monday on the bill, which would create a national framework for name, image and likeness deals in college athletics.
theguardian.com
Anthropic ‘warns of existential AI risks to humanity’ in IPO document
Reported admission to investors of AI’s ‘self-preserving behaviours’ comes as company prepares for a potential $2tn flotationAnthropic is telling investors that advanced AI could pose “catastrophic or existential risks to humanity”, according to reports, as it prepares for a potential $2tn (£1.5tn) flotation.The warning inside the startup’s IPO prospectus, which has yet to be made public, was reported by Reuters and the Financial Times. It follows the company’s call for a slowdown in breakneck development of the technology – a warning echoed by rivals. Continue reading...
theguardian.com
Cutting immigration to the UK means billions less for the Treasury. Can the country really afford that? | Zoe Williams
‘Taking back control’ turns out to be staggeringly expensive. That’s something to mull over as budget day approachesEvery 100,000 immigrants lost to the UK costs the treasury £7bn, according to the Office for Budget Responsibility. That figure is unsurprising if you’ve been concentrating at all – the calculation was made in 2024 – but at the same time completely staggering. Nobody ever says, “The chancellor’s going to be in trouble because of all those lost immigrants”; few people remark on, let alone decry, the very large numbers of migrants who have been lost due to policy decisions.And then, as budget day approaches, brute facts and mathematical realities assert themselves: migration numbers have been falling faster than anticipated. And if you take all the measures you can to discourage international students, skilled workers, all imaginable young, mobile people who work and don’t get ill, while at the same time preventing with all your might any legitimate employment opportunities for asylum seekers, you will suffer a hit to the national coffers. Continue reading...
theguardian.com
Dale Vince plans London-wide news operation to take on ‘rightwing bias’ in the media
Green energy entrepreneur plans rescue package for the group behind the Camden New Journal, Islington Tribune and Westminster ExtraThe green energy entrepreneur and Labour donor Dale Vince is planning to launch a London-wide news operation, as part of a “rescue” of one of the capital’s most highly regarded local newspapers.Vince, who has vowed to take on what he sees as rightwing bias in the UK media, said he would invest “whatever it takes” to support the loss-making group behind the Camden New Journal (CNJ), Islington Tribune and Westminster Extra. Continue reading...
bbc.co.uk
Warning more homes will be uninsurable due to flood risk
Aviva boss Amanda Blanc said England was "for sure" building homes that might be uninsurable at some point in the future.
bbc.co.uk
OpenAI scraps rollout of new model over safety concerns
The firm also issued an update on incidents in which its models accessed Australian government systems.
theguardian.com
On the rocks? Scotch distilleries pause production as unsold ‘whisky loch’ grows
Demand for Scotland’s most famous export has slumped, with industry facing job cuts and closuresObscured by the Scottish countryside on the outskirts of Kirkcaldy, Cluny bond is, in effect, a small town built to store whisky. By the time the latest set of warehouses are finished on the former opencast coal mine, Diageo’s 220-hectare (544-acre) maturation campus will be able to store almost 3m casks of Scotch. The drinks multinational needs the space.After a 15-year boom turbocharged by the Covid-19 pandemic, demand for Scotch whisky has slumped around the world. Distilleries have paused production across Scotland to avoid adding to the glut of supply, known as a “whisky loch” – the equivalent of a “wine lake”. Continue reading...
cnbc.com
CNBC Daily Open: AI’s creators sound the alarm — while others keep building the infrastructure
When the AI boom first took off, companies were competing to see what their AI models can do. Now, they reassure investors of what their models CAN'T do.
cnbc.com
Luckin Coffee weighs entry into Middle East markets, chairman tells CNBC
Luckin is weighing a push into Middle East markets while deepening its foothold in Southeast Asia, with backing from sovereign wealth funds in both regions.
cnbc.com
China has three new criteria for humanoid robot IPOs. Few, if any, meet them
China's securities regulator is raising the bar for public listings of humanoid robot startups with three specific criteria, according to three sources.
bbc.co.uk
UK tries to stop Trump's diesel export ban
John Healey said the government is in talks with the US over Donald Trump's threat to stop exports.
bbc.co.uk
I paid £30,000 for an 'influencer' degree. Here's why
Content creation degrees aim to help people make money from social media, but are they worth the money?
theguardian.com
RBA interest rates: governor Michele Bullock explains decision to lift cash rate to 4.6% – video
The Reserve Bank of Australia has raised its key interest rate to 4.6%, its highest level since 2011. RBA governor Michele Bullock says the global AI boom has 'driven significant price rises' and is contributing to demand in the Australian economy. In a statement accompanying the RBA's rate setting board's unanimous decision, it warned its fears about inflation are beginning to be realised and it is ready to lift interest rates againRBA interest rates: Reserve Bank hikes cash rate to 4.6%, the highest level since 2011 Continue reading...
theguardian.com
LV= insurance is ignoring us while our house literally falls apart
We are living in a collapsing property because of cost-cutting and delays over our subsidence claimLV= General Insurance is forcing a family with three young children to live in a collapsing home because of cost-cutting and delays.We lodged a claim for subsidence damage to our extension and conservatory in 2023. Instead of authorising the repairs recommended by independent experts, LV= has spent years stalling and proposing inadequate, superficial patching methods. Continue reading...
bbc.co.uk
Food waste charity gets grant for rising costs
The charity received a £60,000 grant, over three years, from Shrewsbury Town Council.
cnbc.com
India readies $25 billion for Deep Tech investment as U.S. and China race ahead
In a bid to cut its reliance on foreign tech, India tries to catch up with China and the U.S. by readying an investment of $25 billion in Deep Tech startups.
cnbc.com
Australia says more hikes not off the table after raising rates to 15-year high
The hike of 25 basis points was in line with expectations by economists polled by Reuters.
theguardian.com
As AI models go rogue, do you still trust OpenAI and Anthropic to stop them? I don’t and neither should you | Chris Stokel-Walker
The need for independent regulation grows more obvious by the day. We must keep this tech in check before it’s too lateOpenAI scraps release of new model over safety concerns in internal testingFool me once, shame on you. Fool me twice, shame on me. Fool me more than 16,000 times – as OpenAI agents did to a UN public data hub while repeatedly trying to find its way around the UN’s cyber-blocks – and perhaps it’s time to admit the system we have for keeping AI agents under control isn’t working particularly well.The news about AI systems cropping up in places they shouldn’t sounds alarming. Though the description of these as “hacks” is perhaps overstating things, AI has exploited issues in IT systems that humans simply haven’t got around to finding. It’s also important to note that we shouldn’t be worried that the machines have suddenly become sentient and decided to rebel against humanity. There is not enough evidence to suggest that’s what is happening. The systems are simply following instructions and trying to complete the tasks they have been given, even if they’re sometimes finding unintended ways around obstacles to do so.Chris Stokel-Walker is the author of TikTok Boom: The Inside Story of the World’s Favourite App Continue reading...
cnbc.com
U.S., Iran hold separate mediator talks as Mideast oil exports hit war-time high
Iranian and U.S. officials reportedly met separately with mediators Monday to push for a ceasefire, as Middle Eastern crude exports rebounded to war-time high.
cnbc.com
Samsung to inject $1 billion into Nvidia- and KKR-backed AI infrastructure firm
Samsung Electronics and its five affiliates are investing $1 billion in KKR-launched Helix as the group expands its push into global AI infrastructure.
cnbc.com
CNBC's The China Connection newsletter: Spectacle-heavy Trump-Xi summit was more about domestic messaging
Much of the pageantry was meant for the leaders' constituencies at home, analysts said.
cnbc.com
Trump announces plan for $15 billion steel plant, would be largest in U.S. history
Trump's announcement with Mesabi Metallics comes as Americans' souring views of the economy are poised to shape the upcoming midterm election.
bbc.co.uk
Why UK diesel prices have hit an all-time high
The average price of a litre of diesel at the pump stands at 198.32p, according to the RAC motoring body.
bbc.co.uk
UK diesel price hits all-time high, the RAC says
The US-Israel war with Iran has caused fuel prices to soar due to disruption of global oil supplies.
bbc.co.uk
What a US diesel export ban could mean for you
The threatened proposal aims to protect US consumers from rising costs, but it could trigger major economic waves if it were to happen.
bbc.co.uk
Best thing we can offer young people is a job, not benefits, says chancellor
John Healey's speech comes ahead of next month's Budget, as he faces pressure to bring down government borrowing costs.
bbc.co.uk
Aldi boss says some of rivals' loyalty discounts 'dupe' customers
Aldi is the only major supermarket chain that doesn't operate a loyalty scheme, which are hugely popular and used by millions of shoppers.
bbc.co.uk
What is the Budget and what could be in it?
Chancellor John Healey will set out his plans for UK taxes in October.
bbc.co.uk
UK needs plan in case of 'unprecedented' AI job losses, says minister
Kanishka Narayan says one of his top priorities is to have a plan in place if job losses are as bad as some fear.
theguardian.com
Did you buy your home using help-to-buy? Tell us about your experience
We’d like to hear from people in England who used the government’s previous equity loan scheme to buy their first home about how it worked out for themThe government has announced plans for a new scheme to help first-time buyers purchase a home. The programme, called “Your first home”, is intended to help buyers in England who have a regular income but have been unable to save for a large deposit or don’t have financial support from their family.We’d like to hear from people who used the previous help-to-buy equity loan scheme. Did it help you buy a home you otherwise couldn’t have afforded? Continue reading...
cnbc.com
SpaceX launches its massive Starship rocket into orbit for the first time
Elon Musk's SpaceX launched a historic test flight of its massive Starship rocket early Monday.
cnbc.com
Nvidia releases software platform to stop AI agents from misbehaving
Nvidia says its new software could have prevented OpenAI's Hugging Face incident.
theguardian.com
How a $60 loaf of rye bread went viral in New York City: ‘It’s a conversation piece’
Bread experts weigh in on whether the rye sourdough that bakers ‘feed every day’ is worth that muchA loaf of bread has become New York City’s latest viral hit and, somehow, status symbol.At Rye, the first US outpost of Austrian bakery Martin Auer, a 3.3lb loaf of 100% rye sourdough sells for $60 in SoHo. Made with just water, flour, salt and time, the bread has attracted the kind of attention once reserved for rainbow bagels, cronuts and skyscraper milkshakes. Which raises the inevitable question – is it actually worth that much? Continue reading...
theguardian.com
What you need to know about Your First Home scheme for first-time buyers
Government announcement sparks a rally in FTSE-listed housebuilders, but there are still a lot of unknownsLabour’s modest reheat of help to buy is worth a tryThe government will unveil a fresh scheme to help people on to the housing ladder next month but a debate is already raging over whether it is first-time buyers or housebuilders who will be the biggest winners.At the weekend, Andy Burnham announced plans for Your First Home, which aims to give a helping hand to first-time buyers who do not have the luxury of being able to call on the “bank of mum and dad”. Continue reading...
bbc.co.uk
Avanti West Coast services to be nationalised from March
The move is part of a plan to improve rail infrastructure, cut train delays and improve experiences for passengers.
bbc.co.uk
Apple ordered to pay $5.7bn after losing vibration tech patent suit
Audio firm Taction Technology claimed Apple infringed its patents for tech used to power device vibrations.
bbc.co.uk
Tourism tax needs to be more flexible in Wales, warns expert
Anglesey, Conwy and Gwynedd councils have all put a pause on introducing the nightly tourist tax.
theguardian.com
Price of diesel on UK forecourts reaches all-time high
Fallout from Iran conflict continues to drive up bill for motorists with record average cost now at 199.18p a litreBusiness live – latest updatesShare your experience of high diesel prices in Shetland and the Outer HebridesThe price of diesel on UK forecourts has hit an all-time high average of 199.18p a litre, as the conflict in the Middle East continues to drive the cost of fuel to record levels.The price, which previously peaked at 199.09p in June 2022 after Russia’s invasion of Ukraine, could soon top the £2 mark after Donald Trump rejected Iran’s proposal for a seven-day peace deal to reopen the critical oil and gas shipping route through the strait of Hormuz. Continue reading...
cnbc.com
U.S., China to lower tariffs on $60 billion of goods. Here's what qualifies
The lists included U.S. imports of toys, sports equipment and Christmas decorations, while U.S. farm products appeared on the list of Chinese imports.
bbc.co.uk
You need £17,000 for a first home - here's how to save it
Here are four ways you can put money aside to save enough for a deposit on your first home.
bbc.co.uk
Why the PM could finally drop the triple lock pension pledge
Andy Burnham said that he would make tough decisions to fund a new national care service.
bbc.co.uk
How much is in your savings account?
From £65 to $60,000 - we talk savings with people in East London's Brick Lane.
bbc.co.uk
My hometown shows that high streets have to change or die
Aberdeen is launching an ambitious bid to revive its struggling centre. Could it offer lessons for other high streets?
bbc.co.uk
Andy Burnham refuses to back third runway at Heathrow
Andy Burnham said he would wait for the results of a consultation on a scheme estimated to cost £33bn
theguardian.com
‘People are standing up and fighting back’: the north Devon revolt against a vast AI datacentre
Plans for one of Europe’s largest AI campuses in a Unesco-designated reserve have sparked a fierce local backlashThe datacentre revolt spreading across the US has reached the rolling hills of north Devon in an uprising against a planned hyperscale AI data campus in the middle of a globally protected landscape.Perched on an inland cliff, the town of Great Torrington has views that stretch for miles over the landscape of the Unesco biosphere reserve in which it sits, taking in the winding River Torridge and rolling acres of wooded valley and wildflower meadows. Pastoral and peaceful, its history was notably punctured by violence in 1646 when the royalists’ resistance in the first English civil war was brought to an end by the parliamentarian New Model Army in a battle fought out in the narrow streets in heavy rain and darkness. Continue reading...
theguardian.com
Poland is racing ahead with military spending – but will it help or damage its economic growth story?
In the first article in a series on the Polish economy, we look at the country’s defence boom and its implicationsA short distance north from Warsaw along the Vistula river, camouflaged missile launchers roll through the quiet village of Czosnów.As recently as two years ago, their destination – a hi-tech weapons facility opened this month – had been a cornfield. Now, as Poland drives up defence investment at one of the fastest rates in the developed world, this rural spot has been transformed amid Europe’s response to Russian aggression and US disengagement. Continue reading...
theguardian.com
London transfer: is it time to kill off the Heathrow Express?
With fares high and passenger numbers low, plans for a third runway could bring the train’s future into questionIf Heathrow finally builds its third runway, Londoners can expect hundreds more planes flying overhead each day. But greater congestion on the ground will be a problem too. Under Heathrow’s £33bn expansion plan, 100,000-200,000 more passengers would eventually be travelling to or from the airport each day.The most eye-catching problem has been moving part of the UK’s busiest motorway, the M25, to make space for a new 2.2-mile (3.5km) runway. A thornier one may be getting motorists out of their cars, and finding more sustainable ways for the extra passengers – and thousands of staff – to travel to and from Heathrow. Continue reading...
theguardian.com
The truth behind Donald Trump’s ‘biggest oil deal in world history’
The US’s oil deal with Venezuela faces multiple legal and logistical problems, including questions about whether it can be implemented Donald Trump has long coveted the oilfields of other nations and declared an agreement with Venezuela to be “the biggest oil deal in world history”. But the agreement, reached after the US seized Venezuelan president Nicolás Maduro, is almost certainly doomed to collapse amid a wide array of legal and logistical issues, a Guardian investigation has found.The US president first mused about taking oil from Iran in 1987, when he told ABC’s Barbara Walters that Iranian attacks on American shipping during the Iran-Iraq war required an extreme response. “Why couldn’t we go in and take over some of their oil, which is along the sea?” he asked. Over the ensuing years, he has returned frequently to the idea that the US should seize oil from other countries after military conflict, from Libya to Iraq. Continue reading...
theguardian.com
‘I felt shame’: former BA worker locked in legal battle after losing job of 30 years
Cabin crew worker was among thousands of staff laid off during pandemic in what MPs called a ‘national disgrace’During a 30-year career as a member of British Airways’ cabin crew, Tess De Mello took pride in a job well done, saying she regularly went above and beyond to make passengers more comfortable. To her, the role was more than just employment – it was part of her identity.“I took pride,” she said. “I really took pride in myself, I took pride in my role, I took pride in everything because it was everything I wanted to be.” Continue reading...
bbc.co.uk
OpenAI bots meddled with multiple US government agency sites
OpenAI said its bots accessed public data from a range of institutions during test exercises.
bbc.co.uk
Save or Overpay? What to do with your mortgage if interest rates rise
Save or Overpay? What to do with your mortgage if interest rates rise
bbc.co.uk
Business Daily
Did trade frenemies find common ground at the White House?
bbc.co.uk
Europe's car makers are in crisis. Will the threat of war rescue them?
Auto executives across Europe hope rearmament can help them flex their industrial muscles once more.
bbc.co.uk
What's the smallest amount you'd ask a friend to pay back?
We ask New Yorkers to share the smallest amount they'd ask a friend to pay back.
bbc.co.uk
X-planes: Are they needed in the new era of drones?
Where do America's X-plane projects fit in an era of cheap drones?
bbc.co.uk
How the oil capital of the US welcomed a solar power boom
Texas is now the country's biggest producer of solar-farmed electricity.
bbc.co.uk
Spain battles climate change on several fronts
A summer of wildfires and heatwaves underlines the threats to the country's economy.
bbc.co.uk
The virtual worlds where robots are trained
Training systems that allow robots to negotiate the real world are getting more sophisticated.
bbc.co.uk
Would you buy branded clothing from your favourite tech firm?
Nvidia, OpenAI and Anthropic are all now selling their own limited edition fashion lines.
bbc.co.uk
The extreme engineering of aircraft windows
Few companies have the technology to make aircraft windows which are getting harder to make.
bbc.co.uk
Can Europe recharge its battery industry?
Europe has some promising battery tech, but can it make up ground lost to Chinese battery giants?
bbc.co.uk
I asked my husband to pay into my pension when we had a child - here's why
Molly and Taylor Haylett explain the changes to how they managed their finances when they started a family.
bbc.co.uk
Why some experts increasingly fear AI will take over
AI agents went on an uncontrolled hacking spree, leaving some in the industry worried
bbc.co.uk
Should promotion depend on how workers use AI?
More companies are tying career progression to AI use: is that fair?
bbc.co.uk
'Tirana teeth': Albania hopes to be the new Turkey for dental work
The Balkan nation is aiming to become a new centre for medical tourism.
bbc.co.uk
Aviation faces hotter, stormier skies – and passengers might have to accept more disruption
Are people going to have to increasingly accept more delays and diversions as the effects of climate change intensify?
bbc.co.uk
From 'dog fruit' to darling: India's avocado boom
Demand for avocados is booming in India and local growers hope to grab more of the market.
bbc.co.uk
Why the UK is dithering over what to do about e-scooters
Why is it taking so long for the government to regulate them, and what are the consequences of delay?
bbc.co.uk
Why Gen Z are planning for life without a state pension
Many younger people do not believe the state pension will exist when they are older
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